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Analysts at Chainalysis found that about 80% of the profits from sales of non-fungible tokens on OpenSea come from only 5% of users.
Nearly 80% of sales on a non-fungible token (NFT) marketplace called OpenSea come from just 5% of users. This is the conclusion reached by analysts of the blockchain company Chainalysis.
Experts point out that the best of the 5% pay 2.2 ETH (~ $ 9000) on average for NFT tokens, which they later resell. This figure is more than twice the average purchase price for the marketplace.
However, the purchase capital alone is not enough for successful NFT trades, according to Chainalysis. High purchase prices do often correlate with the success of an NFT, but this strategy is disastrous if the merchant holds tokens from less than 10 unique NFT collections.
According to Chainalysis, the most successful group of NFT traders are those who, on average, bought about 28 unique collections tokens. Diversification of investments pays off best of all, since profits are evenly distributed over the number of transactions, noted in Chainalysis.
Chainalysis also calculated the source of funds for the most successful NFT traders on OpenSea. As you can see in the chart below, the most (34.1%) capital comes from decentralized exchanges. In second place (24.3%) were other smart contracts.
The top three in terms of capital sources were closed by centralized crypto-exchanges. In addition, it turned out that about 9% of the capital is taken from crypto-credit organizations. From gambling, NFT accounts for only 0.3% of the capital, and the stolen funds were not noticed at all.
Earlier, Nonfungible COO Gauthier Zuppinger found that almost 74% of NFTs purchased on OpenSea in Q3 could not be resold. This is because in most cases, after purchasing an NFT token, the new owner simply cannot get rid of the product.
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